Valuation Update With 7 Day Price Move • Jun 04
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to NT$44.75, the stock trades at a trailing P/E ratio of 78.6x. Average trailing P/E is 28x in the Metals and Mining industry in Taiwan. Total returns to shareholders of 38% over the past three years. Reported Earnings • May 07
First quarter 2026 earnings released First quarter 2026 results: Revenue: NT$799.1m (up 30% from 1Q 2025). Net income: NT$76.7m (up NT$83.3m from 1Q 2025). Profit margin: 9.6% (up from net loss in 1Q 2025). The move to profitability was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 20% per year but the company’s share price has only increased by 7% per year, which means it is significantly lagging earnings growth. Reported Earnings • Mar 12
Full year 2025 earnings released: EPS: NT$0.34 (vs NT$0.74 in FY 2024) Full year 2025 results: EPS: NT$0.34 (down from NT$0.74 in FY 2024). Revenue: NT$2.91b (down 7.1% from FY 2024). Net income: NT$121.5m (down 54% from FY 2024). Profit margin: 4.2% (down from 8.5% in FY 2024). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 9% per year whereas the company’s share price has increased by 10% per year. Annuncio • Mar 10
First Copper Technology Co., Ltd., Annual General Meeting, Jun 24, 2026 First Copper Technology Co., Ltd., Annual General Meeting, Jun 24, 2026. Location: 3 floor no,479, yen hai 1st rd., siaogang district, kaohsiung city Taiwan Buy Or Sell Opportunity • Mar 10
Now 23% overvalued Over the last 90 days, the stock has fallen 2.6% to NT$42.75. The fair value is estimated to be NT$34.77, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 2.9% over the last 3 years. Earnings per share has grown by 4.3%. New Risk • Dec 09
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Taiwanese stocks, typically moving 8.5% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (8.5% average weekly change). Earnings have declined by 15% per year over the past 5 years. Minor Risk Profit margins are more than 30% lower than last year (3.9% net profit margin). Buy Or Sell Opportunity • Dec 01
Now 21% overvalued after recent price rise Over the last 90 days, the stock has risen 25% to NT$42.90. The fair value is estimated to be NT$35.48, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 2.9% over the last 3 years. Earnings per share has grown by 4.3%. Reported Earnings • Nov 09
Third quarter 2025 earnings released: EPS: NT$0.54 (vs NT$0.60 in 3Q 2024) Third quarter 2025 results: EPS: NT$0.54 (down from NT$0.60 in 3Q 2024). Revenue: NT$795.2m (flat on 3Q 2024). Net income: NT$194.8m (down 10% from 3Q 2024). Profit margin: 25% (down from 27% in 3Q 2024). Over the last 3 years on average, earnings per share has increased by 4% per year but the company’s share price has increased by 10% per year, which means it is tracking significantly ahead of earnings growth. Buy Or Sell Opportunity • Oct 13
Now 24% undervalued Over the last 90 days, the stock has risen 32% to NT$43.35. The fair value is estimated to be NT$56.83, however this is not to be taken as a buy recommendation but rather should be used as a guide only. New Risk • Oct 07
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Taiwanese stocks, typically moving 6.8% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. This is currently the only risk that has been identified for the company. Reported Earnings • Aug 08
Second quarter 2025 earnings released: NT$0.19 loss per share (vs NT$0.15 profit in 2Q 2024) Second quarter 2025 results: NT$0.19 loss per share (down from NT$0.15 profit in 2Q 2024). Revenue: NT$785.1m (down 12% from 2Q 2024). Net loss: NT$67.6m (down 228% from profit in 2Q 2024). Over the last 3 years on average, earnings per share has remained flat but the company’s share price has increased by 6% per year, which means it is well ahead of earnings. Upcoming Dividend • Jul 15
Upcoming dividend of NT$0.50 per share Eligible shareholders must have bought the stock before 22 July 2025. Payment date: 27 August 2025. Payout ratio is a comfortable 70% and this is well supported by cash flows. Trailing yield: 1.5%. Lower than top quartile of Taiwanese dividend payers (5.3%). Lower than average of industry peers (3.4%). Reported Earnings • May 12
First quarter 2025 earnings released: NT$0.02 loss per share (vs NT$0.002 profit in 1Q 2024) First quarter 2025 results: NT$0.02 loss per share (down from NT$0.002 profit in 1Q 2024). Revenue: NT$616.7m (down 5.3% from 1Q 2024). Net loss: NT$6.61m (down NT$7.34m from profit in 1Q 2024). Over the last 3 years on average, earnings per share has fallen by 12% per year but the company’s share price has increased by 2% per year, which means it is well ahead of earnings. Annuncio • Apr 27
First Copper Technology Co., Ltd. to Report Q1, 2025 Results on May 05, 2025 First Copper Technology Co., Ltd. announced that they will report Q1, 2025 results on May 05, 2025 Valuation Update With 7 Day Price Move • Apr 08
Investor sentiment deteriorates as stock falls 20% After last week's 20% share price decline to NT$33.20, the stock trades at a trailing P/E ratio of 45x. Average trailing P/E is 19x in the Metals and Mining industry in Taiwan. Total loss to shareholders of 19% over the past three years. New Risk • Apr 07
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Taiwanese stocks, typically moving 8.0% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. This is currently the only risk that has been identified for the company. Annuncio • Mar 25
First Copper Technology Co., Ltd. Announces Representative Institutional Director Changes First Copper Technology Co., Ltd. change in representative of the Company's institutional director. Name of the previous position holder: Wang Feng-Shu; Resume of the previous position holder: Director of FIRST COPPER TECHNOLOGY CO., LTD. Name of the new position holder: Wang Wen-Ling; Resume of the new position holder: Director of HUA ENG WIRE AND CABLE CO., LTD.
Effective date of the new appointment: March 24, 2025. Reported Earnings • Mar 11
Full year 2024 earnings released: EPS: NT$0.74 (vs NT$0.026 loss in FY 2023) Full year 2024 results: EPS: NT$0.74 (up from NT$0.026 loss in FY 2023). Revenue: NT$3.13b (up 18% from FY 2023). Net income: NT$265.6m (up NT$275.1m from FY 2023). Profit margin: 8.5% (up from net loss in FY 2023). The move to profitability was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 37% per year but the company’s share price has only fallen by 3% per year, which means it has not declined as severely as earnings. New Risk • Mar 03
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Taiwanese stocks, typically moving 6.3% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. This is currently the only risk that has been identified for the company. Annuncio • Feb 22
First Copper Technology Co., Ltd. to Report Q4, 2024 Results on Mar 03, 2025 First Copper Technology Co., Ltd. announced that they will report Q4, 2024 results on Mar 03, 2025 Valuation Update With 7 Day Price Move • Feb 11
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to NT$42.35, the stock trades at a trailing P/E ratio of 62.7x. Average trailing P/E is 19x in the Metals and Mining industry in Taiwan. Total returns to shareholders of 4.1% over the past three years. New Risk • Dec 16
New major risk - Financial data availability The company has not reported any financial data. This is considered a major risk. With no or incomplete audited reported financial data, it is virtually impossible to assess the company's investment potential. This is currently the only risk that has been identified for the company. Reported Earnings • Nov 08
Third quarter 2024 earnings released: EPS: NT$0.60 (vs NT$0.21 in 3Q 2023) Third quarter 2024 results: EPS: NT$0.60 (up from NT$0.21 in 3Q 2023). Revenue: NT$796.6m (up 18% from 3Q 2023). Net income: NT$216.6m (up 191% from 3Q 2023). Profit margin: 27% (up from 11% in 3Q 2023). The increase in margin was primarily driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 60% per year but the company’s share price has only fallen by 3% per year, which means it has not declined as severely as earnings. Annuncio • Oct 26
First Copper Technology Co., Ltd. to Report Q3, 2024 Results on Nov 04, 2024 First Copper Technology Co., Ltd. announced that they will report Q3, 2024 results on Nov 04, 2024 Reported Earnings • Aug 08
Second quarter 2024 earnings released: EPS: NT$0.15 (vs NT$0.17 loss in 2Q 2023) Second quarter 2024 results: EPS: NT$0.15 (up from NT$0.17 loss in 2Q 2023). Revenue: NT$889.1m (up 43% from 2Q 2023). Net income: NT$52.9m (up NT$112.9m from 2Q 2023). Profit margin: 5.9% (up from net loss in 2Q 2023). The move to profitability was driven by higher revenue. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 62 percentage points per year, which is a significant difference in performance. Annuncio • Jul 27
First Copper Technology Co., Ltd. to Report Q2, 2024 Results on Aug 05, 2024 First Copper Technology Co., Ltd. announced that they will report Q2, 2024 results on Aug 05, 2024 Reported Earnings • May 10
First quarter 2024 earnings released First quarter 2024 results: Revenue: NT$651.2m (up 3.7% from 1Q 2023). Net income: NT$727.0k (down 80% from 1Q 2023). Profit margin: 0.1% (down from 0.6% in 1Q 2023). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 61 percentage points per year, which is a significant difference in performance. Annuncio • Apr 28
First Copper Technology Co., Ltd. to Report Q1, 2024 Results on May 06, 2024 First Copper Technology Co., Ltd. announced that they will report Q1, 2024 results on May 06, 2024 New Risk • Apr 08
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Taiwanese stocks, typically moving 6.5% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. This is currently the only risk that has been identified for the company. Buy Or Sell Opportunity • Mar 14
Now 23% overvalued after recent price rise Over the last 90 days, the stock has risen 11% to NT$36.25. The fair value is estimated to be NT$29.39, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Meanwhile, the company became loss making. Reported Earnings • Mar 09
Full year 2023 earnings released: NT$0.03 loss per share (vs NT$0.55 profit in FY 2022) Full year 2023 results: NT$0.03 loss per share (down from NT$0.55 profit in FY 2022). Revenue: NT$2.65b (down 8.6% from FY 2022). Net loss: NT$9.49m (down 105% from profit in FY 2022). Over the last 3 years on average, earnings per share has fallen by 44% per year but the company’s share price has increased by 4% per year, which means it is well ahead of earnings. Annuncio • Mar 05
First Copper Technology Co., Ltd., Annual General Meeting, Jun 20, 2024 First Copper Technology Co., Ltd., Annual General Meeting, Jun 20, 2024. Location: 479, Yen Hai 1st Rd. Kaohsiung City Taiwan Agenda: To consider the 2023 business report; to consider the Audit committee's review report on the 2023 financial statements; to consider the 2023 Compensation of Employees and Directors report; to consider the ratification of the 2023 Business Report and Audited Financial Report; to consider the ratification of the 2023 Earnings Distribution; to revise the Articles of Incorporation; to consider the election of new directors; and to consider the discussion to approve the lifting of non competition restrictions for directors. New Risk • Nov 28
New minor risk - Earnings quality The company has large one-off items impacting its financial results. One-off items were 88% of the size of the rest of the company's trailing 12-month earnings before tax. This is considered a minor risk. One-off items are incomes or expenses that the company does not expect to repeat in future periods. Examples include profits from the sale of a business or expenses from a restructuring or legal settlements. If the company's reported statutory earnings include a large proportion of one-off items it means they may be an unreliable indicator of its true business performance as the earnings were skewed by these incomes or expenses. Currently, the following risks have been identified for the company: Minor Risks Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (1.6% net profit margin). New Risk • Nov 22
New minor risk - Profit margin trend The company's profit margins are lower than last year and have reduced by more than 30%. Net profit margin: 1.6% Last year net profit margin: 6.6% This is considered a minor risk. A large drop in profit margin could indicate the company does not have strong competitive advantages or it is yet to establish itself and its core business. Even if it is a well established business, this may make it a much riskier investment than one that has a combination of proven competitive advantages and a stable or growing profit margin. This is currently the only risk that has been identified for the company. Annuncio • Sep 12
First Copper Technology Co., Ltd. Announces of Change in Representative of its Institutional Director First Copper Technology Co., Ltd. announced of change in representative of the Company's institutional director. Name of the previous position holder: Wang Feng-Chuan. Resume of the previous position holder: Supervisor of Huahong investment Co., Ltd. Name of the new position holder: Wang Feng-Shu. Resume of the new position holder: Director of HUA ENG WIRE AND CABLE CO., LTD. Effective date of the new appointment: September 11, 2023. Reported Earnings • Aug 09
Second quarter 2023 earnings released: NT$0.17 loss per share (vs NT$0.034 loss in 2Q 2022) Second quarter 2023 results: NT$0.17 loss per share (further deteriorated from NT$0.034 loss in 2Q 2022). Revenue: NT$622.6m (down 20% from 2Q 2022). Net loss: NT$60.0m (loss widened 388% from 2Q 2022). Over the last 3 years on average, earnings per share has increased by 21% per year but the company’s share price has increased by 58% per year, which means it is tracking significantly ahead of earnings growth. New Risk • Aug 08
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Taiwanese stocks, typically moving 6.2% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. This is currently the only risk that has been identified for the company. Valuation Update With 7 Day Price Move • Aug 03
Investor sentiment improves as stock rises 18% After last week's 18% share price gain to NT$37.95, the stock trades at a trailing P/E ratio of 71.2x. Average trailing P/E is 19x in the Metals and Mining industry in Taiwan. Total returns to shareholders of 423% over the past three years. Upcoming Dividend • Jul 12
Upcoming dividend of NT$0.40 per share at 1.3% yield Eligible shareholders must have bought the stock before 19 July 2023. Payment date: 23 August 2023. Payout ratio is a comfortable 70% but the company is not cash flow positive. Trailing yield: 1.3%. Lower than top quartile of Taiwanese dividend payers (5.5%). Lower than average of industry peers (3.8%). Annuncio • Jun 28
First Copper Technology Co., Ltd. Approves Cash Dividend, Payable on August 23, 2023 First Copper Technology Co., Ltd. announced that at the shareholders meeting held on June 27, 2023 approved Cash dividends of TWD 143,848,866 (TWD 0.40 per share) of common stock. Ex-rights (ex-dividend) trading date: July 19, 2023 ex-rights (ex-dividend) record date: July 25, 2023; Payment date of cash dividend distribution: August 23, 2023. Reported Earnings • Mar 11
Full year 2022 earnings released: EPS: NT$0.55 (vs NT$1.18 in FY 2021) Full year 2022 results: EPS: NT$0.55 (down from NT$1.18 in FY 2021). Revenue: NT$2.90b (down 10.0% from FY 2021). Net income: NT$196.9m (down 53% from FY 2021). Profit margin: 6.8% (down from 13% in FY 2021). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 67% per year whereas the company’s share price has increased by 71% per year. Valuation Update With 7 Day Price Move • Jan 31
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to NT$36.55, the stock trades at a trailing P/E ratio of 62.7x. Average trailing P/E is 11x in the Metals and Mining industry in Taiwan. Total returns to shareholders of 345% over the past three years. Board Change • Nov 16
Less than half of directors are independent Following the recent departure of a director, there are only 3 independent directors on the board. The company's board is composed of: 3 independent directors. 4 non-independent directors. Independent Director Tiao-Hsiang Cheng was the last independent director to join the board, commencing their role in 2021. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Reported Earnings • Nov 13
Third quarter 2022 earnings released: EPS: NT$0.49 (vs NT$0.56 in 3Q 2021) Third quarter 2022 results: EPS: NT$0.49 (down from NT$0.56 in 3Q 2021). Revenue: NT$720.5m (down 15% from 3Q 2021). Net income: NT$177.3m (down 11% from 3Q 2021). Profit margin: 25% (in line with 3Q 2021). Over the last 3 years on average, earnings per share has increased by 81% per year but the company’s share price has only increased by 48% per year, which means it is significantly lagging earnings growth. Valuation Update With 7 Day Price Move • Oct 25
Investor sentiment improved over the past week After last week's 23% share price gain to NT$26.00, the stock trades at a trailing P/E ratio of 40.3x. Average trailing P/E is 7x in the Metals and Mining industry in Taiwan. Total returns to shareholders of 190% over the past three years. Board Change • Sep 14
Less than half of directors are independent Following the recent departure of a director, there are only 3 independent directors on the board. The company's board is composed of: 3 independent directors. 4 non-independent directors. Independent Director Tiao-Hsiang Cheng was the last independent director to join the board, commencing their role in 2021. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Reported Earnings • Aug 11
Second quarter 2022 earnings released: NT$0.03 loss per share (vs NT$0.22 profit in 2Q 2021) Second quarter 2022 results: NT$0.03 loss per share (down from NT$0.22 profit in 2Q 2021). Revenue: NT$777.7m (down 3.1% from 2Q 2021). Net loss: NT$12.3m (down 115% from profit in 2Q 2021). Over the last 3 years on average, earnings per share has increased by 88% per year but the company’s share price has only increased by 41% per year, which means it is significantly lagging earnings growth. Annuncio • Aug 04
First Copper Technology Co., Ltd. Announces Resignation of Liu Chung-Jen as Chairperson First Copper Technology Co., Ltd. announced Resignation of Liu Chung-Jen as chairperson. Date of occurrence of the change is August 3, 2022. Valuation Update With 7 Day Price Move • Jul 15
Investor sentiment deteriorated over the past week After last week's 15% share price decline to NT$24.85, the stock trades at a trailing P/E ratio of 27.5x. Average trailing P/E is 8x in the Metals and Mining industry in Taiwan. Total returns to shareholders of 158% over the past three years. Upcoming Dividend • Jul 07
Upcoming dividend of NT$1.00 per share Eligible shareholders must have bought the stock before 14 July 2022. Payment date: 18 August 2022. The company is paying out more than 100% of its profits and is cash flow negative. Trailing yield: 3.6%. Lower than top quartile of Taiwanese dividend payers (6.8%). Lower than average of industry peers (9.1%). Annuncio • Jun 29
First Copper Technology Co., Ltd. Announces Cash Dividends, Payable on August 18, 2022 First Copper Technology Co., Ltd. announces cash dividends of TWD 359,622,165 (TWD 1.00 per share) of common stock. Ex-rights (ex-dividend) trading date is July 14, 2022. Ex-rights (ex-dividend) record date is July 22, 2022. Cash dividend will be paid on August 18, 2022. Board Change • Jun 24
Less than half of directors are independent Following the recent departure of a director, there are only 3 independent directors on the board. The company's board is composed of: 3 independent directors. 4 non-independent directors. Independent Director Tiao-Hsiang Cheng was the last independent director to join the board, commencing their role in 2021. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Reported Earnings • May 16
First quarter 2022 earnings released: EPS: NT$0.02 (vs NT$0.30 in 1Q 2021) First quarter 2022 results: EPS: NT$0.02 (down from NT$0.30 in 1Q 2021). Revenue: NT$779.0m (up 13% from 1Q 2021). Net income: NT$8.91m (down 92% from 1Q 2021). Profit margin: 1.1% (down from 16% in 1Q 2021). Over the last 3 years on average, earnings per share has increased by 89% per year but the company’s share price has only increased by 48% per year, which means it is significantly lagging earnings growth. Board Change • Apr 27
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 6 experienced directors. No highly experienced directors. was the last director to join the board, commencing their role in . The following issues are considered to be risks according to the Simply Wall St Risk Model: Insufficient board refreshment. Annuncio • Mar 23
First Copper Technology Co., Ltd., Annual General Meeting, Jun 23, 2022 First Copper Technology Co., Ltd., Annual General Meeting, Jun 23, 2022. Agenda: To consider the 2021 business report; to consider the audit committee' review report on the 2021 financial statements; to consider the distribution of 2021 employees compensation; to approve the 2021 business report and financial statements as required by the Company Act; to approve the proposal for distribution of 2021 profits as required by the Company Act; and to consider the amendment of Procedures for Acquisition or Disposal of Assets of the Company. Annuncio • Mar 06
First Copper Technology Co., Ltd. Announces Change in Representative of the Institutional Director First Copper Technology Co., Ltd. announced the change in representative of the Company's institutional director. Name of the previous position holder: Lin Min-Shiang. Resume of the previous position holder: Director of HUA ENG WIRE AND CABLE CO., LTD. Name of the new position holder: Wang Ming Jen. Resume of the new position holder: Director of TAIWAN TIMES. Effective date of the new appointment is March 3, 2022. Valuation Update With 7 Day Price Move • Oct 20
Investor sentiment improved over the past week After last week's 15% share price gain to NT$47.50, the stock trades at a trailing P/E ratio of 40.3x. Average trailing P/E is 16x in the Metals and Mining industry in Taiwan. Total returns to shareholders of 434% over the past three years. Valuation Update With 7 Day Price Move • Aug 19
Investor sentiment deteriorated over the past week After last week's 18% share price decline to NT$46.65, the stock trades at a trailing P/E ratio of 39.5x. Average trailing P/E is 17x in the Metals and Mining industry in Taiwan. Total returns to shareholders of 353% over the past three years. Reported Earnings • Aug 11
Second quarter 2021 earnings released: EPS NT$0.22 (vs NT$0.14 in 2Q 2020) The company reported a solid second quarter result with improved earnings and revenues, although profit margins were flat. Second quarter 2021 results: Revenue: NT$802.3m (up 51% from 2Q 2020). Net income: NT$80.5m (up 59% from 2Q 2020). Profit margin: 10.0% (in line with 2Q 2020). Over the last 3 years on average, earnings per share has increased by 23% per year but the company’s share price has increased by 76% per year, which means it is tracking significantly ahead of earnings growth. Valuation Update With 7 Day Price Move • May 22
Investor sentiment improved over the past week After last week's 17% share price gain to NT$60.50, the stock trades at a trailing P/E ratio of 55x. Average trailing P/E is 19x in the Metals and Mining industry in Taiwan. Total returns to shareholders of 448% over the past three years. Reported Earnings • May 14
First quarter 2021 earnings released: EPS NT$0.30 (vs NT$0.58 loss in 1Q 2020) The company reported a strong first quarter result with improved earnings, revenues and profit margins. First quarter 2021 results: Revenue: NT$689.2m (up 24% from 1Q 2020). Net income: NT$106.5m (up NT$315.2m from 1Q 2020). Profit margin: 16% (up from net loss in 1Q 2020). The move to profitability was primarily driven by lower expenses. Over the last 3 years on average, earnings per share has fallen by 30% per year but the company’s share price has increased by 66% per year, which means it is well ahead of earnings. Reported Earnings • Mar 30
Full year 2020 earnings released: EPS NT$0.22 (vs NT$0.28 loss in FY 2019) The company reported a decent full year result with improved earnings and profit margins, although revenues were weaker. Full year 2020 results: Revenue: NT$2.26b (down 11% from FY 2019). Net income: NT$79.2m (up NT$178.6m from FY 2019). Profit margin: 3.5% (up from net loss in FY 2019). The move to profitability was driven by lower expenses. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 131 percentage points per year, which is a significant difference in performance. Is New 90 Day High Low • Feb 22
New 90-day high: NT$31.05 The company is up 175% from its price of NT$11.30 on 24 November 2020. The Taiwanese market is up 17% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Metals and Mining industry, which is up 10.0% over the same period. Is New 90 Day High Low • Jan 04
New 90-day high: NT$28.80 The company is up 192% from its price of NT$9.86 on 06 October 2020. The Taiwanese market is up 17% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Metals and Mining industry, which is up 24% over the same period. Is New 90 Day High Low • Dec 14
New 90-day high: NT$17.75 The company is up 64% from its price of NT$10.80 on 15 September 2020. The Taiwanese market is up 11% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Metals and Mining industry, which is up 14% over the same period. Is New 90 Day High Low • Nov 23
New 90-day high: NT$11.45 The company is up 39% from its price of NT$8.21 on 25 August 2020. The Taiwanese market is up 8.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Metals and Mining industry, which is up 11% over the same period. Reported Earnings • Nov 14
Third quarter 2020 earnings released: EPS NT$0.43 The company reported a decent third quarter result with improved earnings and profit margins, although revenues were weaker. Third quarter 2020 results: Revenue: NT$552.4m (down 17% from 3Q 2019). Net income: NT$155.2m (up NT$222.9m from 3Q 2019). Profit margin: 28% (up from net loss in 3Q 2019). The move to profitability was driven by lower expenses. Over the last 3 years on average, earnings per share has fallen by 105% per year but the company’s share price has only fallen by 3% per year, which means it has not declined as severely as earnings.